News
The latest news, updates and analysis on the the UK retail industry. Covering every segment of the market, Retail Sector’s business journalists keep you in the picture.
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Jun- 2024 -19 June
Today’s news in brief-19/6/24
UK inflation has hit its target for the first time in almost three years, with consumer price inflation easing to 2% in May, down from 2.3% in April. The Bank of England last reached this target in July 2021. The Office for National Statistics attributes the decline primarily to falling…
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19 June
Mango to open new site in Metrocentre
International fashion retailer Mango is set to open a new destination at regional mall Metrocentre. The brand will join the centre’s lower Red Mall later this year, opening its largest store in the region to date. Mango will bring a Mediterranean-inspired and versatile assortment of womenswear and menswear to Metrocentre…
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19 June
Uber Eats couriers to pick and pack grocery orders under new scheme
Uber Eats has announced the launch of a new service that will enable its couriers to pick and pack supermarket orders on behalf of customers. It comes as the company revealed the number of shoppers who have placed a grocery order on its platform has nearly doubled in the last…
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19 June
Cricket salads could be meal staple by 2054, Co-op report finds
Cricket salads, lab-grown steaks and azolla burgers may take the place of classic dishes such as Sunday roasts or fish and chips by 2054, a new Co-op report has found. The supermarket released “never-before-seen” AI images of what these meatimes could look to mark the release of its responsible retailing…
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19 June
Inflation hits 2% target for first time in three years
UK inflation has hit its target for the first time in almost three years, as consumer price inflation eased to 2% in the year to May, down from a rise of 2.3% the prior month. The Bank of England last hit the 2% target in July 2021. According to the Office…
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19 June
Amazon to invest £23m in skills training for UK employees
Amazon has announced that it is investing £23m in skills training for employees across the UK. The announcement comes as a new study by the retailer found that 61% of UK workers believe that on-the-job skills training or apprenticeships are more valuable for preparing people for work than traditional university…
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19 June
Games Workshop profits to hit £200m in FY results
Games Workshop has said it expects its profit-before-tax will hit “no less” than £200m in its full-year results, up from £171m the prior year. It comes as the group’s core revenues are expected to be not less than £490m in the 53 weeks ended 2 June 2024, up from £445m…
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18 June
Today’s news in brief-18/6/24
Supermarket sales in the UK saw a modest increase of just 1.0% for the four weeks to June 9, 2024, marking the slowest growth since June 2022. This sluggish performance is attributed to poor weather and falling inflation, with average shopper visits dropping slightly from 16.4 to 16.3 times compared…
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18 June
Tesco to improve chicken welfare standards
Tesco has recently announced that all the fresh chicken in its core ranges will be reared to higher welfare standards, providing customers with access to chicken grown with more space to perch and move around. The improvements, which will be completed by the first half of 2025, will see chicken…
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18 June
Decathlon UK posts £2m loss
Decathlon UK has revealed that it posted a loss of £2m for the year ended 31 December 2023. Alongside this, the company saw its turnover drop 5% with a 2.5% decrease for comparable stores. The retailer has put this decline down to three things; cost of living, market dynamics and…
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